Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Dubai hotels eye expansion on par with big international brands  Join our daily free Newsletter

MENAFN - Khaleej Times - 09/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Khaleej Times) More and more dubai hotel brands are now gearing up to meet burgeoning demand as it paves the way for regional players to expand their portfolio.

on the sidelines of the concluding day of the four-day arabian travel market khaleej times spoke to some leading local players on the expansion plans of popular brands such as landmark hotel and suites auris flora hospitality and hospitality management holdings or hmh.

according to the dubai department of tourism and commerce marketing guest numbers across all hotel establishments — hotels and hotel apartments — in 2013 reached 11 million up from 9.95 million in 2012 with dubai’s top 10 hotel guest source markets being saudi arabia india the united kingdom the united states russia kuwait germany oman iran and china.

there will be an additional 141 hotel establishments added to the market in 2014-16 including 99 hotels and 48 hotel apartments bringing the total to 751 hotel establishments and just under 114000 rooms.

“dubai is now at the centre of global attention and it offers a phenomenal exposure to any economic sector. the emirate is evolved into a top business destination and has set very high quality standards and particularly the hotel industry as we are all about offering the best services to our consumers. the emirate is strategically located and hence every top international brand will strive to make its presence here. the country also offers best infrastructure facilities in financial and legal sphere” said hatem gasmi managing director of auris hotels.

“merely by complying with government rules and regulations itself will help us to operate here with high standards and help us to compete with the international hotel chains in dubai. this in a way helps us to show the investors market and guests that we can also offer similar level of services.”

currently auris manages 11 properties and is planning to expand its operations in dubai saudi arabia sudan and oman as well as few other projects in the middle east and north africa region.

mohammed rafi chief operating officer of flora hospitality said: “flora as a brand started in 2000 and is currently having eight properties including one in india. the brand is planning its future strategy with addition of five more properties in offing. we are a non-alcoholic regional brand and we always believe in setting up hotels in prime locations such as shopping malls metro stations which are strategically located as our apartments clientele are from the gcc.”

“now with dubai’s new initiative of world expo 2020 we are encouraged to expand our portfolio and hence the new five properties which will be completed by 2017. the expansion itself will cost us dh1.2 billion and that will help us to have additional inventory of up to 1250 keys against 800 keys.”

laurent a voivenel chief executive officer of hmh said: “we are a local brand with international presence with significant local presence of 20 hotels at the moment and six hotels scheduled to open by end of 2014. the coral brand is existing since 2003 and has been rebranded with new corporate identity. hmh has a strong presence in the region with 20 hotels in operation and five new properties opening later this year in quick succession.

“coral muscat hotel & apartments coral dubai sports city hotel & apartments coral beirut concorde hotel ewa khartoum hotel & apartments and ewa port sudan hotel & apartments are all in advanced stages of development and are expected to welcome their first guests by the last quarter of 2014 or the beginning of 2015. the new hotels will boost the existing hmh portfolio by 25 per cent.”

khan naheed masarrat eam and head of sales and marketing at ramada deira said: “landmark hotels and suites was started in 1996 and currently we have eight hotels. we are planning to have landmark suites shaikh zayed road dubai by 2015; landmark hotel fujairah by 2015’ landmark hotel dip dubai by 2016; and landmark hotel maktoum road dubai by 2018.”

— sandhya?khaleejtimes.com


 


Khaleej Times




  MENA News Headlines
 Jan 28 2015 - Gulf states to rethink monetary policyMENAFN
(MENAFN) Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in the region and the US ...

 Jan 28 2015 - DIB picks arrangers for potential Tier 1 sukukKhaleej Times
(MENAFN - Khaleej Times) Dubai - Dubai Islamic Bank, or DIB, said on Tuesday that it picked eight banks to arrange roadshows from January 8 for a potential benchmark size dollar-denominated sukuk ...

 Jan 28 2015 - What next for Londonium and Barclays?Khaleej Times
(MENAFN - Khaleej Times) I have tried to visit Britain on the eve of every general election since the end of the Thatcher era (by Tory regicide, not the ballot box) in November 1990 in search of ...

 Jan 28 2015 - Emirates NBD - holding the banking fortKhaleej Times
(MENAFN - Khaleej Times) The banking industry looks set to sustain positive trends this year due to strong macroeconomic economic indicators, sufficient liquidity and low interest rates in the ...

 Jan 28 2015 - China pumps cash into banks in a bid to accelerate growthKhaleej Times
(MENAFN - Khaleej Times) Beijing - China's central bank has bolstered support for the cooling Chinese economy by injecting another 50 billion yuan ($8.1 billion) worth of short-term loans into banks ...

 Jan 28 2015 - Union National Bank posts 16% jump in annual earningsKhaleej Times
(MENAFN - Khaleej Times) People walking past a Union National Bank branch in Dubai. The total assets of the UNB Group increased by seven per cent in 2014 to Dh93.5 billion as at December 31, 2014. - ...

 Jan 28 2015 - Gulf Arab countries may need to rethink policy: Qatari bankerKhaleej Times
(MENAFN - Khaleej Times) Dubai - Gulf Arab oil states may need to rethink longstanding economic policies, including their fixed exchange rates, over the next five to 10 years as economic cycles in ...

 Jan 28 2015 - GCC retail sector on growth pathKhaleej Times
(MENAFN - Khaleej Times) Dubai - GCC retail sales are expected to grow at a 7.3 per cent compound annual growth rate (CAGR) between 2013 and 2018 to reach $284.5 billion, according to Alpen ...

 Jan 28 2015 - Dubai International airport crowned as world's busiestKhaleej Times
(MENAFN - Khaleej Times) The airport's passenger numbers boosted by 6.1 per cent to 70.5 million in 2014 and pushed the Heathrow down to the second position as London's top airport handled 68.1 ...

 Jan 28 2015 - Sharjah's Dh17.7b budget to ensure economic upliftKhaleej Times
(MENAFN - Khaleej Times) Sharjah - His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, on Tuesday approved the 2015 general budget of the emirate ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help